Onslow Marine Supply Base – Investment Decision

Onslow Marine Supply Base – Investment Decision

Marine supply facility including wharf and harbour expansion. Onslow, WA

NAIF loan Total project value
Up to $16.8m $120m over 3 stages
Other lenders Security ranking/tenor
NAB Subordinated / 10 years

Timetable

  • Environmental Approvals issued :   18 April 2018
  • Proponent & NAB Signing :   5 June 2016
  • WA premier signing for State :   31 May 2018
  • Financial Close :   7 June 2018
  • First NAIF drawdown :   14 June 2018

Indigenous engagement

  • Proponent will continue track record of Indigenous employment, participation and supplier procurement

NAIF Investment accelerated the project and will bring forward construction by 3-5 years

Public Benefit $100m over 10 years

  • 61 jobs and $18.2m economic benefit during construction
  • 166 jobs and $37.5m economic benefit during operations
  • Multi-user facility providing significant savings for users with flow-on economic and community benefits